fair market value
noun
: a price at which buyers and sellers with a reasonable knowledge of pertinent facts and not acting under any compulsion are willing to do business
Examples of fair market value in a Sentence
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If your property is personal-use property or is not entirely destroyed, the amount of your loss is the lesser of your adjusted basis or the decrease in the fair market value of your property because of the damage.
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Kelly Phillips Erb, Forbes, 15 Jan. 2025
The owner of a home with a fair market value of $400,000 would pay an additional $96 annually in school taxes.
—Alec Johnson, Journal Sentinel, 31 Dec. 2024
The problem of what constitutes a competitive market rate (or fair market value) for these fees has been left to the Secretary of Health and Human Services.
—Rita Numerof, Forbes, 2 Jan. 2025
If the referendum passes, taxpayers would pay an additional 24 cents per $1,000 of fair market value.
—Alec Johnson, Journal Sentinel, 31 Dec. 2024
See all Example Sentences for fair market value 
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Kelly Phillips Erb, Forbes, 15 Jan. 2025
The owner of a home with a fair market value of $400,000 would pay an additional $96 annually in school taxes.
—Alec Johnson, Journal Sentinel, 31 Dec. 2024
The problem of what constitutes a competitive market rate (or fair market value) for these fees has been left to the Secretary of Health and Human Services.
—Rita Numerof, Forbes, 2 Jan. 2025
If the referendum passes, taxpayers would pay an additional 24 cents per $1,000 of fair market value.
—Alec Johnson, Journal Sentinel, 31 Dec. 2024
See all Example Sentences for fair market value
Dictionary Entries Near fair market value
Cite this Entry
“Fair market value.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/fair%20market%20value. Accessed 22 Jan. 2025.
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